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Taranis Identifies Second High-Grade Gold Occurrence 750 m Southeast of SIF Gold Occurrence Assaying up to 58.1 g/t Gold in Grab Samples at Thor Property, British Columbia
(via Thenewswire.ca) Lakewood, Colorado, September 11, 2012 - Taranis Resources Inc. ("Tara...
About this update from Taranis Resources Inc.
[{"type":"text","content":"\nTaranis Identifies Second High-Grade Gold Occurrence 750 m Southeast of SIF Gold Occurrence Assaying up to 58.1 g/t Gold in Grab Samples at Thor Property, British Columbia\n\n(via Thenewswire.ca)\n\n \nLakewood, Colorado, September 11, 2012 - Taranis Resources Inc. (\"Taranis\") [TSX.V: TRO] is pleased to announce a second discovery of high-grade gold - assaying up to 58.1 grams per tonne in the \"Gold Pit\" occurrence. Assays from 4 grab samples taken from a dump near what is believed to be a 100 year old collapsed adit ranged from 22.2 to 58.1 g/tonne gold, averaging 33.7 g/t gold and 2,516 g/t silver.\n\n\n \n\n ---------------------------------------------------------------\n |Sample No |Weight (Kg)|Gold (g/t)|Silver (g/t)|\n |-------------------------------------------------------------|\n |862151 |1.51 |29.1 |3,173 |\n |-------------------------------------------------------------|\n |862152 |1.43 |25.4 |4,439 |\n |-------------------------------------------------------------|\n |862153 |1.44 |58.1 |211 |\n |-------------------------------------------------------------|\n |862154 |1.92 |22.2 |2,241 |\n |-------------------------------------------------------------|\n |Average of 4 grab samples|  |33.7 |2,516 |\n ---------------------------------------------------------------\n\n\n \nThe Gold Pit occurrence lies along a prominent VLF electromagnetic conductor that strikes Northwest similar to the SIF occurrence, but is not within the same conductive anomaly as SIF. Gold and silver occur within areas of strong quartz veining within the Gold Pit occurrence associated with only low levels of sulphide mineralization. Despite geological similarities to SIF, it is obviously highly enriched in silver.\n\n\n \nThe Gold Pit area has not been tested by drilling, and occurs in the structural footwall of the main Great Northern lode that was extensively drilled by Taranis in 2009. It occurs 90 m west of the Great Northern that also shows up as a separate prominent VLF feature.\n\n\n \nJohn Gardiner, President and CEO comments \"The Gold Pit and SIF occurrences, coupled with some detailed mapping work completed in 2012, have shown that there are as many as five mineralized \"horizons\" within the Thor Deposit. These horizons appear to be imbricated like a deck of cards, and plunge shallowly to the north. They also appear to be ne...